"Not so sure, there's 70% chance it will look like this....."
Skol thinks there is a 70% chance that NST will go down when it gets to the pointy end of the price triangle.
Not according to this chart.
Rather, there is a 70% chance that NST will go up in July.
The average rise through July in the last 10 years has been 9.0%.
In what month would you rather own NST?
The A$ GOLD etf only increases an average 1.5% in July, so NST's July seasonality occurs in spite of a fairly flat gold price in July.
( The big months for the GOLD etf are January (3.0%) and August (2.8%) )
I also note that, barring accidents today or tomorrow, NST have not announced any material events that would invalidate the FY21 guidance that NST have confirmed as late as 4 May.
"On track to achieve FY21 production guidance;
1.5-1.7Moz at AISC A$1,390-A$1,520/oz"
If they hit the middle of that guidance, that ought to be good for a 9% rise in the SP.
Cheers
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Last
$14.93 |
Change
-0.180(1.19%) |
Mkt cap ! $17.16B |
Open | High | Low | Value | Volume |
$15.05 | $15.15 | $14.83 | $41.21M | 2.760M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3016 | $14.92 |
Sellers (Offers)
Price($) | Vol. | No. |
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$14.93 | 17948 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 167 | 14.920 |
5 | 18111 | 14.900 |
2 | 13441 | 14.890 |
1 | 9108 | 14.880 |
2 | 1500 | 14.870 |
Price($) | Vol. | No. |
---|---|---|
14.930 | 15934 | 2 |
14.950 | 1000 | 1 |
14.980 | 1500 | 2 |
14.990 | 10781 | 2 |
15.000 | 9508 | 2 |
Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$14.91 |
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Change
-0.180 ( 1.50 %) |
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Open | High | Low | Volume | ||
$15.05 | $15.14 | $14.83 | 397042 | ||
Last updated 15.59pm 21/05/2024 ? |
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